London P&I Club announces 2015 General Increase
A.Bilbrough & Co, managers of the London P&I Club, have announced the Club will seek a general increase of 6% in Annual Call Rates for the 2015/6 Policy Years for both mutual P&I and FD&D entries.
The Club will increase P&I deductibles that are below USD15,000 by USD2000, with FD&D deductibles remaining unchanged.
The Club have set Release Calls for the open years for P&I and FD&D as follows:
2012/3 – 5%
2013/4 – 12.5%
2014/5 – 15%
2015/6 – 15%
Full details of the Club’s circular can be found here.